1817 Flatbush AveBrooklyn, NY 11210

Property Details for 1817 Flatbush Ave

Year built

1931

Lot size

0.04 AC

Property size (Sq ft)

3,750 SF

Zone code

R5

Property type

Office properties

Property subtype

Office buildings

APN

07619-0005

APU

76190005

Description

This exceptional three-story brick building at 1817 Flatbush Avenue in Brooklyn, NY (zip code 11210), offers a unique investment opportunity. Currently operating as a fully occupied (100%) medical office, this property boasts 3,700 square feet of net rentable space within a total building area of 3,600-3,750 square feet, situated on a 2,266 square foot lot. The building features five units and includes two on-site parking spaces. The property's strong financial performance is reflected in its current Net Operating Income (NOI) of $94,704 and a 6.76% capitalization rate. The asking price is $1,400,000. The building's classic brick construction ensures durability and aesthetic appeal, while its prime Flatbush Avenue location provides excellent visibility and accessibility. The interior is well-suited for medical use, with features including fully equipped examination rooms, a spacious reception area, and dedicated administrative offices. This is an ideal investment for those seeking a stable, high-performing asset in a thriving Brooklyn neighborhood. The property is classified as Class C and its Kings County APN is 076190005.

• CAP approach

  CAP return

  Valuation

  6%

  $619,987

  6.5%

  $572,296

  7%

  $531,417

• Comparable approach

  Method

  Valuation

  Relative Method

  $489,975

  Geo Method

  $489,975

• Alternative Use

  Use

  Valuation

  Residential

  $709,647

  Hospitality

  $650,033

  Educational

  $540,819

  Medical

  $559,419

  Retail

  $841,275

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6257

Longitude

-73.9397

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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